Turenne Investissement SCA, SCR (ENXTPA:ALTUR) of Turenne Capital Partenaires, Nord Cap 2, FIP of Nord Capital Partenaires SAS, Denis Van Litsenborgh, President of Alvene and Olivier Richard, Managing Director of ALVENE acquired a stake in Alvene from Pascal Lenne and Philippe Capoulade on July 22, 2013. Nord Capital Partenaires SAS invested through Nord Capital Investissement, SCR and Nord Cap 2, FIP. Nord Capital Partenaires SAS and Turenne Capital Partenaires together invested €4.6 million in the transaction.

An acquisition debt was arranged by Sébastien Berthe and Thierry Henon of BNP Paribas supplementing the financing of this acquisition, in a banking pool with Cécile Marcos of Société Générale and Christophe Caudron of CIC Nord-Ouest. Alvene reported total revenues of approximately €12 million in 2012. Eric Delecroix of RDB Associés acted as legal advisor to Olivier Richard, Pascal Lenne and Philippe Capoulade. Emmanuel Vergnaud and Maëliss Bourbon of Reed Smith acted as legal advisor while Jérôme Lesage of Grant Thornton acted as financial due diligence provider to provider to the investors. Sébastien Auger and Anthony Watine of Edmond de Rothschild Corporate Finance acted as financial advisors for Denis Van Litsenborgh and Olivier Richard. Anthony Watine and Sébastien Auger of Edmond de Rothschild Corporate Finance acted as financial advisor for Turenne Capital Partenaires and Nord Capital Partenaires.


Turenne Investissement SCA, SCR (ENXTPA:ALTUR) of Turenne Capital Partenaires, Nord Cap 2, FIP of Nord Capital Partenaires SAS, Denis Van Litsenborgh, President of Alvene and Olivier Richard, Managing Director of ALVENE completed the acquisition of a stake in Alvene from Pascal Lenne and Philippe Capoulade on July 22, 2013.